Dow Crash Coming To Your 401K (2007 to 2022)

[Bindare_Dundat]

More inflation, POMO and cheap money. Hooray. Those that are closest to it reap all of the rewards and profits while we, the middle class and such, pay a horrible price....gas, food, heating fuel etc go up in price.

This will be bad.

Light crude is only $18 away from triple digits.

Wal-Mart Stores Inc.’s prices rose in September to the highest level in at least 21 months, according to JPMorgan Chase & Co., as the world’s largest retailer scaled back discounts from earlier this year.

Prices for produce climbed as Wal-Mart offered almost no discounts on food last month, Grom said. Price cuts on items such as cereal and ketchup failed to attract as many consumers as Wal-Mart anticipated, dragging down sales in the latest quarter, U.S. stores chief William Simon said last month.
Produce accounted for 7 of the 31 items in the basket, with prices 10 percent higher in September than the previous month. Prices for dairy products rose 2 percent, and meat was unchanged.


70% of Americans Live Paycheck to Paycheck!

[GigantorX]

Light crude is only $18 away from triple digits.

Wal-Mart Stores Inc.’s prices rose in September to the highest level in at least 21 months, according to JPMorgan Chase & Co., as the world’s largest retailer scaled back discounts from earlier this year.

Prices for produce climbed as Wal-Mart offered almost no discounts on food last month, Grom said. Price cuts on items such as cereal and ketchup failed to attract as many consumers as Wal-Mart anticipated, dragging down sales in the latest quarter, U.S. stores chief William Simon said last month.
Produce accounted for 7 of the 31 items in the basket, with prices 10 percent higher in September than the previous month. Prices for dairy products rose 2 percent, and meat was unchanged.


70% of Americans Live Paycheck to Paycheck!

But according to our Govt. inflation is almost non-existant! Good thing they totally doctor the numbers and the number itself "excludes food and fuel".

[24KT]

If the GOP takes back the congress and cuts Obama's nuts off like they should, gold will fall a bit. 

That'll be a good thing... a better opportunity to stock up. 

[24KT]

http://www.cbsnews.com/video/watch/?id=4955194n&tag=related;photovideo

[Bindare_Dundat]

Gold just hit 1360/oz. Setting records every couple of days now.

[GigantorX]

to this point every Fed gimmick has failed to stabilize US economy. UE, real estate and consumer borrowing are still significantly depressed. to complicate matters economic 'data' can no longer be trusted as infinite downside revisions are now the norm.

imo QE2 is just around the corner. this repeated gimmick will further depress the dollar, pushing stock & precious metal prices higher.




-NT

 

  

 

I believe the weekly Jobless Claims reports have been revised down 23 out of the last 24 weeks....how nice. That happened with GDP as well. See a pattern?

It is all they know how to do. Print money, drop rates, QE...that's it, they know nothing else. They don't know its affect on the middle class, the lower class or anyone that isn't heavily involved on Wall Street, or major banks or hedge funds or whatever. QE2 will be it for the dollar, it is going to be big if it is enacted. Even Benny Boy said that 2 trillion ( TWO TRILLION) would do little to "improve" anything. The name of the game is now to extend and prop up for as long as possible. Equities are key as people are dumb enough to believe that the DOW/Nasdaq/S&P are actually connected to the over all economy. 401k's and IRA's and pensions have to meet their bottom lines, period.

The employment report was bad...again, but the market is up not because of the economy, but because the FED (and in effect the Govt./Banks) now is under pressure to start QE2.

[Bindare_Dundat]

Even Benny Boy said that 2 trillion ( TWO TRILLION) would do little to "improve" anything. The name of the game is now to extend and prop up for as long as possible. Equities are key as people are dumb enough to believe that the DOW/Nasdaq/S&P are actually connected to the over all economy.

Ill try to find the quote but from memory I believe there were suggestions that this figure be as high as $7 trillion.

[GigantorX]

Expectation of Fed action, Fed gimmicks, a dollar in absolute free-fall......and look where gold is.

This is a market that is in a (headfake) bull run with U.E. close to 10% and expectations of that U.E. to stay near those levels for the next 2-3 years? Stagnant wages, record levels of U.E./underemployed doesn't bode well for the expansion of the largest part of our economy (70%)....strange days we live in if that is not fazing the market. This really shows you just how bad things are.

The Fed will do what it wants, plain and simple. To many political factors to let things , god forbid, operate on fundamentals.

[Bindare_Dundat]

$1382/oz. and no sign of slowing down.   

[GigantorX]

$1382/oz. and no sign of slowing down.   

The Fed/Banks have lost control of that market, not completely because gold should be much, much higher but they can't keep it completely suppressed anymore.

[225for70]

S&P tested 1185 on laughable volume.

market remains overbought.

be wary of a pullback/correction at these levels.  
 

 Looks like there's going to be a moderate pullback tomorrow...Nasdaq e-mini futures are down about 1.5%...Appl reported weak earnings, and is down about 20 dollars a share in the aftermarket.

[Soul Crusher]

Crude slides on dollar bounce, eyeing strike.
  

Oct 19 (Reuters) - U.S. crude oil futures prices fell on
Tuesday, pressured by a stronger dollar and concerns about economic growth
and corporate earnings that weighed on equities markets.

What do you think about the Ammo market?   

[Bindare_Dundat]

Grab some before it goes back up. 

[Bindare_Dundat]

still bullish precious metals.

just looking for a pullback. 



-NT

 

[24KT]

Gold ends lower, falls 3% on the week.

SAN FRANCISCO 10-22-10 (MarketWatch) — Gold futures closed a volatile week with a modest drop Friday, as investors waited to hear more about currencies from the gathering of world finance leaders in South Korea.

The metal had advanced marginally earlier on, but lost steam as the session progressed and as the dollar turned higher, taking away some support.

Gold was down 3.4% for the week, its first losing week in six.

Gold stumbled 1.4% Thursday, as the dollar strengthened. The metal has had a volatile week, which included a dip of 2.6% on Tuesday.

That's just a buying opportunity. 

[GigantorX]

If it is is POMO day than it will be a "Green Day". Like fucking clockwork.

[Soul Crusher]

In other words -until obamaCare is scrapped, cap & trade killed, card check shelved, and the remaining insanity ended - businesses are on strike. 

[Bindare_Dundat]

Grab some before it goes back up.  

Well, that didnt take very long. Already close to strking distance from the record high, (for now anyway).

[24KT]

QE2 is nothing more than a disguised $600 Billion Fed spending stimulus program.

Instead of calling it QE2, ...they should instead call it The Titanic! 

[Bindare_Dundat]

Gold back at 1375/oz. Silver over 25.

On another note, Freddie Mac is asking for more money.

[GigantorX]

Gold back at 1375/oz. Silver over 25.

On another note, Freddie Mac is asking for more money.

It will never stop sucking money from us, never ever. The GSE's are still making the same shit loans to shit people and nothing has changed.The Dems had Congress for 4 years and the Presidency for 2 and nothing has changed. The banks are still To Big To Fail...even bigger now after consolidations and more monopolies, the new regs. are but band aids on gun shot wounds and the Fed is even further out of control...if that was even possible and the dollar is now, again, being taken out back into a dark alley,stabbed to death and left to die.

The markets mean nothing. They aren't free anymore and do not act on fundamentals. What good is the Feds plan to boost the stop market and give people the illusion of wealth if food and fuel continue to march higher? UE is still at 9.6% and is predicted to stay above 9% for the next year or so...plus hours/income is down/stagnant.

This is like crazy world with some mad scientist at the helm. I'm still not sure if Idiot Ben actually knows what he is doing. Or maybe he does.

[Bindare_Dundat]

You know, just when I think it cant get any worse or more bizarre, it actually does.

[24KT]

That's just a buying opportunity. 

Up $50 an oz within the last 24 hours? I guess I was right huh? 
Hang onto your hats folks, ...this is going to be a very interesting ride.

Is it just me, ...or does anyone else get the feeling that the other shoe is going to drop this week or next?
There's an uneasy feeling in the pit of my gut that says something is about to bust wide open, ...but I can't quite put my finger on what. Tho my spidey senses keep tingling. hmmm... maybe I should just turn up the thermostat. 

[Bindare_Dundat]

[Bindare_Dundat]

Grab some before it goes back up. 

Too late. 

4 dollars away from $1400.